On August 26, 2021, Global Industrial Company (the "Company") and Ritesh Chaturbedi, the Company’s SVP and Chief Operations Officer, entered into a separation agreement effective as of August 31, 2021 and a six-month consulting agreement effective as of September 1, 2021, under which he will receive a total of $259,500 for the consulting services, as well as reimbursement of premiums for six months under COBRA (the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended). Pursuant to the consulting agreement, Mr. Chaturbedi will be providing transition and advisory services to ensure execution of the Company's operations strategy. On September 1, 2021, Christopher Longhito will be promoted from Vice President, Purchasing and Customer Experience to Senior Vice President, Operations and will be leading the execution of the Company’s operations strategy.